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New Pipeline Has Oil-Storage Tanks at Key US Hub Running Dry

Oil-storage tanks at a key US crude hub have drained to near their bottoms as a massive new pipeline in Canada diverts flows elsewhere, muddying market signals that traders have long relied on.

By: financialpost.com

Sep 19 2024
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New Pipeline Has Oil-Storage Tanks at Key US Hub Running Dry — New Pipeline Has Oil-Storage T

(Bloomberg) — Oil-storage tanks at a key US crude hub have drained to near their bottoms as a massive new pipeline in Canada diverts flows elsewhere, muddying market signals that traders have long relied on. Read More

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Oil Set for Weekly Gain After Fed Cut With Focus on Middle East